A group known as Buhari Media Support Group (BMSG) has congratulated President Muhammadu Buhari on the rating of Nigeria by the International Monetary Fund (IMF) as the largest economy in Africa despite the crisis that had rocked the economy in the last few months.
In a statement signed by the coordinator, Muhamad Labbo and secretary, Cassidy Madueke, the group considered the IMF rating as an indication of Nigeria’s steady economic growth under President Buhari, based on his administration’s diversification policy.
It recalled that earlier in August this year when Nigeria slipped to second place behind South Africa, the minister of Budget and Planning, Senator Udoma Udoma had assured that the Nigerian economy would bounce back in a short while.
The BMSG expressed confidence therefore that President Buhari is leading Nigeria to the true path of economic recovery, even as had been proved by the Chinese Ambassador, Mr. Zhou Pingjian who said that many Chinese business people are “falling over themselves” to come and invest in Nigeria.
The group stressed that the policies on agriculture, solid minerals, oil and gas, job creation, security and overall revival of the economy have the potentials to rejuvenate the economy and prosper the nation.
“From all indications Nigeria will in the next few months begin to witness significant improvement in their wellbeing with the plans already drawn up to re-jig the economy by the President Buhari administration.”
It called on Nigerians to have faith in the federal government and keep hope alive as President Buhari’s administration enunciates policies aimed at rejuvenating the nation’s economy.
In the current assessment published by the IMF, it was acknowledged that Nigeria’s GDP now stands at about $415 Billion as against South Africa’s which is presently at about $280 Billion. [myad]
